Naver Invests in Two Startups Specializing in Data Processing and Encryption Technologies

[Asia Economy Reporter Buaeri] Naver's startup incubation organization 'D2SF' (D2 Startup Factory) announced on the 21st that it will invest in two technology startups developing solutions necessary for the advancement of the data industry.

The startups selected for investment are 'Cloa' and 'Disilo.'

Cloa is a startup developing a 'data pipeline' solution that enhances efficiency when processing vast amounts of data in real time.

Seong-eun Lim, CEO of Cloa, explained, "With cloud and edge computing, the volume of real-time data processing is rapidly increasing, but the technology in the data pipeline area is complex. Cloa supports data pipelines with high compatibility and versatility."

Cloa has currently released an initial version and plans to offer an open beta service in October this year.

Disilo is a startup developing homomorphic encryption (HE) technology and machine learning solutions utilizing it.

Homomorphic encryption is a cryptographic technology that allows computation or analysis on encrypted data without decrypting it. Since data is never decrypted during storage, communication, or processing, there is no risk of data leakage.

Seung-myeong Lee, CEO of Disilo, pointed out, "As data utilization increases, leaks of trade secrets and personal information are also increasing, and regulations are emerging worldwide. When regulations start due to privacy concerns, restrictions on data use arise, slowing down the industry."

He explained, "By utilizing homomorphic encryption technology, there is no risk of data leakage, and data can be used while protecting personal information. Services such as genetic analysis without exposing genetic information and remote monitoring without exposing patient personal information are possible."

Sang-hwan Yang, leader of Naver D2SF, said, "The global data processing volume increases by 61% annually, and in the 5G era, real-time data processing volume is said to be 100 times the current level. Cloa and Disilo are technology startups leading the development of solutions necessary to process and utilize the explosively increasing data."

Launched in May 2015, Naver D2SF has invested in 51 technology startups to date. Naver D2SF is currently recruiting new investment teams on its website.

This content was produced with the assistance of AI translation services.